#PowellRemarks

In recent remarks, Federal Reserve Chair Jerome Powell emphasized patience regarding interest rate adjustments. Following the FOMC meeting on June 18, 2025, the Fed maintained its key rate for the fourth consecutive time.

Powell acknowledged that while economic activity continues at a solid pace and the labor market remains robust, inflation remains somewhat elevated. He highlighted the uncertainty surrounding the impact of tariffs on prices and economic activity, stating the Fed would make "smarter and better decisions" by waiting for more clarity on inflation's trajectory. Despite projections for slowing growth and slightly higher inflation this year, the Fed's latest forecasts still indicate potential rate cuts later in 2025.